Bank of Maharashtra partners with Airpay to provide mPOS card acceptance and banking solution for its clients
Mumbai, July 04, 2016: Bank of Maharashtra has entered into a new partnership in the field of mobile point of sales (mPOS) with Airpay. The collaboration will expand Bank of Maharashtra’s offering to incorporate card acceptance for its set of existing and new customers.
This holistic payment solution enables businesses to utilize this Point-of-Sale (POS) device and drive transaction volumes by letting consumers use card-based payment instruments. This will empower merchants to customize individual needs such as home delivery, insurance, education institutes, retailing and e-tailing, radio taxis, govt. offices, ticketing etc. The associated card reader has an innovative design, is equipped with a LCD display and tactile response pin pad for pin entry thus making it easy to use. It accepts a variety of card payments, including all kinds of chip and magnetic stripe cards and is fully compliant with RBI, EMV and PCI standards.
A key feature for large merchants using MPOS solutions is the prebuilt-connectors that facilitate integration with critical backend IT systems – CRM, inventory, billing and loyalty – allowing merchants to better manage their business.
“As we witness an increase in demand for digital payment options, Bank of Maharashtra’s partnership with Airpay is a complementary alliance where we embark on new market opportunities and identify new ways to generate value for different stakeholders. Through this latest collaboration with Airpay, Bank of Maharashtra will continue to provide that quintessential one-stop payment and banking solution to the businesses “, said Shri. Sushil Muhnot Chairman & Managing Director of Bank of Maharashtra
Shri. Amit Kapoor, Director, Airpay: “Card payments are getting exceptionally popular in the Indian market and mPOS solutions are drivers of card transactions in the country. Airpay’s tie-up with Bank of Maharashtra enhances the mobile card acceptance solution which ties in seamlessly with our omnichannel strategy. Airpay’s solution fulfills the need for a quick and reliable user interface that supports and simplifies POS, billing and reconciliation-related activities. ”
